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120
Aug 26, 2013
08/13
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LINKTV
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backed by the promise of va and fha mortgages, levitt put his money where his judgment was. he laid out 6,000 lots on low-cost long island potato fields. specialized construction teams hit levittown streets like commandos. instead of having a carpenter do all the carpentry we specialized. he did only framing. another carpenter only did roof rafters. we began delivering 150 houses every 5 days. approximately 18 before noontime and another 18 or 17 after noon. as with the model t, assembly-line methods could mean assembly-line sameness. in a nation dedicated to individualism would mass-production houses have mass appeal? houses were built. ads were placed. the case went to jury. the verdict was not slow in coming in. they needed a place to live. they were coming from all over the country. long islanders were in a minority because they couldn't get there fast enough. newman baum's home movies captured the time for people like the baums, worthings, and widlitzes. new families in a new community. [william levitt] regardless of what the place looked like, it filled a need for thes
backed by the promise of va and fha mortgages, levitt put his money where his judgment was. he laid out 6,000 lots on low-cost long island potato fields. specialized construction teams hit levittown streets like commandos. instead of having a carpenter do all the carpentry we specialized. he did only framing. another carpenter only did roof rafters. we began delivering 150 houses every 5 days. approximately 18 before noontime and another 18 or 17 after noon. as with the model t, assembly-line...
479
479
Aug 19, 2013
08/13
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LINKTV
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backed by the promise of va and fha mortgages, levitt put his money where his judgment was. he laid out 6,000 lots on low-cost long island potato fields. specialized construction teams hit levittown streets like commandos. instead of having a carpenter do all the carpentry, we specialized. he did only framing. another carpenter only did roof rafters. we began delivering 150 houses every 5 days. approximately 18 before noontime and another 18 or 17 after noon. as with the model t, assembly-line methods could mean assembly-line sameness. in a nation dedicated to individualism, would mass-production houses have mass appeal? houses were built. ads were placed. the case went to jury. the verdict was not slow in coming in. they needed a place to live. they were coming from all over the country. long islanders were in a minority because they couldn't get there fast enough. newman baum's home movies captured the time for people like the baums, worthings, and widlitzes. new families in a new community. [william levitt] regardless of what the place looked like, it filled a need for th
backed by the promise of va and fha mortgages, levitt put his money where his judgment was. he laid out 6,000 lots on low-cost long island potato fields. specialized construction teams hit levittown streets like commandos. instead of having a carpenter do all the carpentry, we specialized. he did only framing. another carpenter only did roof rafters. we began delivering 150 houses every 5 days. approximately 18 before noontime and another 18 or 17 after noon. as with the model t, assembly-line...
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the other tragedy they're trying to use taxpayer money and refinance through fha and get the government guaranty and sill it as a ginnie mae security. they're using the system to profit for their own advantage, when they leave a community they leave it harder hit when they come in because private capital will not go to those parts of the country where, where they think that the community thinks it is okay to take capital away from that individual and give to another private party. melissa: okay. >> our system just doesn't work that way. melissa: yeah. tim, we have to go. thank you so much for coming on. as always we invited the folks from mortgage resolution partners to come on the show and defend this plan. we continue to extend the invitation to them. >>> next on money, fabrice tourre is find liable for defrauding investors at goldman sachs. it's a huge victory for the sec should traders be ducking for cover? it is all the word on wall street. at the end day it is all about money. ♪ [ male announcer ] a car that can actually see like a human using stereoscop cameras... ♪ ...and ev
the other tragedy they're trying to use taxpayer money and refinance through fha and get the government guaranty and sill it as a ginnie mae security. they're using the system to profit for their own advantage, when they leave a community they leave it harder hit when they come in because private capital will not go to those parts of the country where, where they think that the community thinks it is okay to take capital away from that individual and give to another private party. melissa:...
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122
Aug 22, 2013
08/13
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FOXNEWS
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tell us about the new fha guideline. >> i'm very excited for our viewers. first of all, remember fha insures loans. what they did last week is came out with new guidelines. basically says that if you were a victim of what they call an economic event, foreclosure, a bankruptcy, a short sale loan modification, if during that time your household income went down 20% for six months, if you basically earn are in a good recovery where you're current on installment loans and go to counseling, housing counseling, you then could be eligible for them to insure a new loan and that is very, very significant in the scheme of what we've been going through for the last four or five years in america. >> ainsley: is this in your opinion, going to be helpful for our country going forward or is there a down side to this? >> here is the big change that i'm excited about. most of the viewers that i've had the opportunity to talk to and read their e-mails are very educated. it used to be that if you had a bankruptcy, the fha would not insure a loan for two years. if you had a sh
tell us about the new fha guideline. >> i'm very excited for our viewers. first of all, remember fha insures loans. what they did last week is came out with new guidelines. basically says that if you were a victim of what they call an economic event, foreclosure, a bankruptcy, a short sale loan modification, if during that time your household income went down 20% for six months, if you basically earn are in a good recovery where you're current on installment loans and go to counseling,...
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157
Aug 6, 2013
08/13
by
CNBC
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we can alsoably down the loan limits going forward for fannie mae, freddie mac and fha to make sure we are limiting the exposure and really focusing their lending on the people they need the most. >> i understand limiting in that respect, but how do uconn vince banks they want to get in the practice of writing a lot of mortgages? that's what's been missing. >> one of the things, an area the president focuses on, one of the areas we have to do is make sure first we are simplifying and streamlining all of the regulations around housing. >> that's a big deal. you think that has kept the banks from wanting to be there at this point? >> that's one of the things. we have to set clear, specific rules. another thing we have to make sure of, we got millions of families that have been able to go back to work. 7.3 million new private sector jobs over the last 41 months. we have to layout ways that homeowners that have gone back to work or families that have gone back to work can become homeowners through simple streamline rules and also through counselling that can help make sure they're ready to
we can alsoably down the loan limits going forward for fannie mae, freddie mac and fha to make sure we are limiting the exposure and really focusing their lending on the people they need the most. >> i understand limiting in that respect, but how do uconn vince banks they want to get in the practice of writing a lot of mortgages? that's what's been missing. >> one of the things, an area the president focuses on, one of the areas we have to do is make sure first we are simplifying...
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reduce the fha loan limits to shrink the government footprint there. more regulatory clarity. change some regulations that mortgage originators have to deal with, and he wants to overhaul the immigration system as part of this, claiming when you have more immigrants in this country they're more apt to buy houses and you stimulate the housing market but when you talk about reducing the government's role, one analyst says that could cost homebuyers more. >> any housing finance reform plan unfortunately is going to make rates more expensive. i mean what you're trying to do is reduce the government subsidy for housing and there's no way to do it without seeing the costs to the consumer go up. >> so there is some agreement in washington. the president, democrats and republicans all want to unwind fanny and freddie. the question is, how do you replace them? the president's plan calls for a bit after government guaranty. he wants private investors to take the loss first. at the end there would be a catastrophic government backstop. what the president and democrats are pushing for mor
reduce the fha loan limits to shrink the government footprint there. more regulatory clarity. change some regulations that mortgage originators have to deal with, and he wants to overhaul the immigration system as part of this, claiming when you have more immigrants in this country they're more apt to buy houses and you stimulate the housing market but when you talk about reducing the government's role, one analyst says that could cost homebuyers more. >> any housing finance reform plan...